An Account Now Contains $11150 and Has Been Accumulating Interest

question 167

Short Answer

An account now contains $11150 and has been accumulating interest at 7.2% annual interest, compounded continuously, for 7 years. Find the initial deposit. Please round the answer to the nearest cent. $__________

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Definitions:

Jargon

Specialized language used by job holders or members of particular occupations or organizations.

Filtering

The process of selectively presenting or withholding information to manage a person's reactions.

Unverified Beliefs

Ideas or assumptions accepted as true without sufficient evidence or proof.

Voice

The employee's ability to express ideas, opinions, or concerns within the workplace, influencing decision-making processes and organizational changes.